AGRICULTURAL LAND PRICES, 2021 – Provisional Data

Provisional data on the prices of specific categories of agricultural land (arable land, meadows and pastures) are presented for 2021 for the Republic of Croatia.

The provisional data for 2021 are released due to the modernisation of data processing.

According to the collected data, the average price of purchased arable land in the Republic of Croatia in 2021 amounted to 27 396 kuna per hectare, of meadows to 17 138 kuna per hectare and of pastures to 18 480 kuna per hectare.

NOTES ON METHODOLOGY

Sources and data collection methods

Data on the prices of purchased and rented farmland are obtained from the available administrative data and the Tax Administration of the Ministry of Finance. Data from the Farm Structure Survey (FSS) conducted by the Croatian Bureau of Statistics are also used for the calculations. The Farm Structure Survey is a sample-based survey carried out every three years. Consequently, results of the mentioned survey affect the calculation results of the Land Prices in 2020 – Provisional Data survey. Data for 2020 were calculated based on FSS 2016. The data are calculated in line with the Common Methodology on Agricultural Land Prices and Rents (Eurostat, version of February 2017).

The data are collected exclusively for agricultural land used for agricultural purposes.

The value of any buildings on agricultural land and land transactions between relatives are excluded from the prices.

Data on prices of specific categories of agricultural land (arable land, meadows and pastures) are presented. The aforementioned land categories were selected according to Eurostat’s recommendations.

Coverage

The data on prices of purchased agricultural land were obtained from the records on real estate transactions of the Tax Administration.

Definitions

Arable land means land that is regularly cultivated and is included in a crop rotation system.

Meadow means land used permanently (five years or more) for growing fodder. It is not included in crop rotation. A meadow can be sown or natural (autochthonous).

Pasture means land used for livestock grazing.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
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Persons responsible:
Suzana Šamec, načelnica Sektora makroekonomskih statistika
Lidija Brković, Director General

Prepared by:
Matej Pejković and Ivan Dujman

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